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Negative Rates and Other Financial Technologies in Modern Economic Reality on the World-System Scale 世界体系尺度下现代经济现实中的负利率和其他金融技术
Q2 Social Sciences Pub Date : 2020-01-01 DOI: 10.30884/JOGS/2020.02.05
Alexey L. Efimovich
In the present article the author considers negative deposit rates and other financial technologies both with respect of their evaluation by the modern economic science and as a logical development of the previous trends and also as a natural stage in a long developmental path of financial technologies. Every economic crisis gives rise to new financial technologies (NFT). The 2008 crisis also generated new financial technologies which include quantitative easing and low and negative deposit rates. The novelty of our approach consists in treating negative rates as a result of previous development of financial technologies and in analyzing them not only on the national but on the World-System scale. We also emphasize that quantitative easing and close to zero rates passed a kind of a test in Japan in the 1990s and 2000s. Negative deposit rates are an-other step towards a larger production of money in the situation of a) depres-sion and deflationary pressure; b) growing national debt and emission via central banks unprecedented over the recent decades; c) abundance of easy money; and d) increasing merge of the state and private financial interests. The article forecasts a wider spread of negative rates after a new recession (which is to start already in 2020). In search for profitable spheres of application the assets will actively flow to developing markets with higher rates. As a result, the negative rates may promote financial convergence which is a convergence between developed and developing countries in terms of financial strength (as it happens with GDP). If one considers Japan as a testing ground for new financial technologies then one may expect the transition of FRS and ECB to the policy of direct purchase of shares because the Japanese Central Bank has been buying shares for the last years.
在本文中,作者从现代经济科学对负存款利率和其他金融技术的评价出发,认为负存款利率和其他金融技术是对以往趋势的一种合乎逻辑的发展,也是金融技术长期发展道路上的一个自然阶段。每次经济危机都会产生新的金融技术。2008年的危机还催生了新的金融技术,其中包括量化宽松和低利率及负存款利率。我们的方法的新颖之处在于将负利率视为金融技术先前发展的结果,并不仅在国家范围内而且在世界体系范围内进行分析。我们还强调,量化宽松和接近零利率在上世纪90年代和本世纪头十年在日本经受了某种考验。负存款利率是在a)经济萧条和通货紧缩压力的情况下增加货币产出的另一个步骤;B)近几十年来史无前例地通过中央银行增加国家债务和排放;C,大量的容易获得的钱;d)增加国家和私人金融利益的合并。文章预测,在新一轮经济衰退(将于2020年开始)之后,负利率的范围将更广。为了寻找有利可图的应用领域,这些资产将积极流向利率较高的发展中市场。因此,负利率可能会促进金融趋同,这是发达国家和发展中国家在金融实力方面的趋同(就像GDP一样)。如果人们将日本视为新金融技术的试验场,那么人们可能会预期FRS和欧洲央行将转向直接购买股票的政策,因为日本央行过去几年一直在购买股票。
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引用次数: 1
Cross-Cultural Analysis of Prototypes of Courtship Processes: Turkey, the United States, Lithuania, and Spain 求偶过程原型的跨文化分析:土耳其、美国、立陶宛和西班牙
Q2 Social Sciences Pub Date : 2020-01-01 DOI: 10.30884/JOGS/2020.02.07
Ines Gil Torras
This study provides an emic, ethnographic and cross-cultural view of courtship practices in the ‘modern’ world. There are limits to our ability to generalize our conclusions to posit a global process. As such this study is suggestive of a larger movement towards new forms of courtship that favor individual autonomy, the pursuit to satisfy personal desires, even at the expense of interpersonal interests. Ilouz and Finkleman (2009) referred to this shift as a move from a ‘premodern modal configurations’ to a ‘modern modal configuration’ of love and desire. Our findings support the theoretical and interview data of the above study and work by many other researchers (e.g., Giddens 2000; Ilouz 2018, 2012; Jankowiak 2008; Munck et al. 2016; Regnerus 2017). Consequently, we have confidence that the trajectory from ‘traditional’ to ‘modern’ courtship processes is a global process. Giddens observed that sex, as a result of contra-ceptives, has become ‘fully autonomous’ and become a kind of ‘art form’ (Gid-dens, 1981: 27). Regnerus (2017) builds on Giddens' work by showing how sex, love, and marriage have separated from each other, to the extent that sex is construed as an independent feature of the individual and therefore not part of a coupled, interdependent, construct such as love or family. Sex, as Regnerus writes, has become ‘the malleable property of the individual’ (Ibid.: 7). As our study supports these positions we have confidence that our findings, if extended across more cultures would not be substantially different, only more refined.
这项研究为“现代”世界的求爱行为提供了一个学科、民族志和跨文化的视角。我们的能力有限,不能概括我们的结论来假设一个全球性的过程。因此,这项研究暗示了一种更大的运动,即倾向于个人自主的新形式的求爱,追求满足个人欲望,甚至以牺牲人际利益为代价。Ilouz和Finkleman(2009)将这种转变称为从爱与欲望的“前现代模式配置”到“现代模式配置”的转变。我们的研究结果支持上述研究的理论和访谈数据,以及许多其他研究人员的工作(例如,Giddens 2000;Ilouz 2018,2012;Jankowiak 2008;Munck et al. 2016;2017年Regnerus如是说)。因此,我们有信心,从“传统”到“现代”的求爱过程是一个全球性的过程。吉登斯观察到,作为避孕措施的结果,性已经变得“完全自主”,并成为一种“艺术形式”(Gid-dens, 1981: 27)。Regnerus(2017)以吉登斯的研究为基础,展示了性、爱和婚姻是如何相互分离的,在某种程度上,性被解释为个体的一个独立特征,因此不是爱情或家庭等耦合的、相互依赖的结构的一部分。正如Regnerus所写,性已经成为“个体的可塑属性”(同上:7)。由于我们的研究支持这些观点,我们有信心我们的发现,如果扩展到更多的文化中,不会有本质上的不同,只会更精细。
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引用次数: 0
Globalization and Life Satisfaction of the Polish Population. Before and during the COVID-19 Pandemic 全球化与波兰人口的生活满意度。在COVID-19大流行之前和期间
Q2 Social Sciences Pub Date : 2020-01-01 DOI: 10.30884/JOGS/2020.02.11
A. Jasiński, Agnieszka Bąkowska
The main objective of the present research was to examine whether the attitude towards globalization and life satisfaction during the COVID-19 pandemic differs from the one observed beforehand. An additional goal was to find out whether the attitude to globalization during the pandemic can serve as a predictor of life satisfaction. On the basis of data obtained by Folk Theory of Social Change, we assume that the attitudes towards globalization and their correlation with life satisfaction are shaped by personal experiences with globalization. The survey was carried out on two independent sample groups of Poles: Sample 1 consisted of individuals tested in 2017 (n = 455), while Sample 2 involved individuals tested during the COVID-19 pandemics (n = 300). The mean level of life satisfaction and an accepting attitude towards globalization is lower in Sample 2 than in Sample 1. The analysis results of this reversion suggest that during the COVID-19 pandemic the Polish population's anxious attitude towards globalization is the predictor of life satisfaction β = –.20, p < .001, 95 % CI (–.35, –.10). The results confirm the assumptions of the FTSC in the matter of shaping attitudes towards globalization in developed countries. During the COVID-19 pandemic, life satisfaction is influenced by an anxious attitude trig-gered by a sense of vulnerability to the threats posed by globalization.
本研究的主要目的是检验COVID-19大流行期间对全球化和生活满意度的态度是否与之前观察到的不同。另一个目标是找出大流行期间对全球化的态度是否可以作为生活满意度的预测指标。根据民间社会变迁理论获得的数据,我们假设对全球化的态度及其与生活满意度的关系是由全球化的个人经历塑造的。该调查是在两个独立的波兰人样本组中进行的:样本1包括2017年接受测试的个体(n = 455),而样本2包括在COVID-19大流行期间接受测试的个体(n = 300)。样本2的生活满意度和对全球化的接受态度的平均水平低于样本1。这一回归分析结果表明,在2019冠状病毒病大流行期间,波兰人口对全球化的焦虑态度是生活满意度β = -的预测因子。20, p < 0.001, 95% CI(-。35、.10)。结果证实了FTSC在塑造发达国家对全球化的态度方面的假设。在2019冠状病毒病大流行期间,生活满意度受到一种焦虑态度的影响,这种态度是由全球化带来的威胁的脆弱感引发的。
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引用次数: 2
The Impact of Globalization on Quality of Life: An Empirical Investigation for Asian Countries 全球化对生活质量的影响:亚洲国家的实证研究
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.01.07
Fatima Shafeeq, S. Raza, Shahid Ramzan
The main objective of the study is to investigate the impact of globalization on the quality of life in the Asian countries. The panel data for Asian countries was analized for the period from 1995 to 2015. The Human Development Index (Proxy variable of quality of life) was used as dependent variable, and political, economic and social globalization were used as independent variables. The stationarity of variables was checked and we found that all variables (LPG, LEG, LSG, HDI, KOF, LGDP, and PR) were not stationary at level but at first difference all variables were stationary. Pedroni and Johansan co-integration tests were used to find the long-run relationship among the variables. Fully Modified OLS shows that there is a positive impact of political, economic and social globalization on the quality of life in the Asian countries in the long run. The results of this study show that globalization enhances the quality of life of their residents by improving Human Development Index of Asian countries. Not only KOF Index but its main aspects (political, economic and social globalization) also play a role in improving quality of life in the Asian countries.
这项研究的主要目的是调查全球化对亚洲国家生活质量的影响。亚洲国家的面板数据是在1995年至2015年期间进行分析的。以人类发展指数(生活质量代理变量)为因变量,以政治、经济和社会全球化为自变量。我们检查了变量的平稳性,发现所有变量(LPG、LEG、LSG、HDI、KOF、LGDP和PR)在水平上不是平稳的,但在第一次差异时,所有变量都是平稳的。使用Pedroni和Johansan协整检验来发现变量之间的长期关系。《完全修正的OLS》表明,政治、经济和社会全球化对亚洲国家的生活质量有长期的积极影响。本研究结果表明,全球化通过提高亚洲国家的人类发展指数来提高其居民的生活质量。不仅是KOF指数,它的主要方面(政治、经济和社会全球化)也在提高亚洲国家的生活质量方面发挥了作用。
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引用次数: 5
Letters from Tahrir: From Revolutionary Euphoria to Disappointment and Frustration 解放广场的来信:从革命的欢欣到失望和挫折
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.02.08
Samihia Razeq
05.06.13 It's very calm now Prof. Andrey, as everybody is getting ready for the 30th of June, when all will take to the streets to demand Morsi to step down, after gathering more than 7 million signatures for Rebel against the MB & Morsi... Also, the MB are trying to remove all high officials, like the director of the Opera, to replace them with MB, along with a Nour/Salafi Party representative in higher house of parliament to abolish all bale dancing. So all reputed musicians, artists, writers, novelists, etc. are protesting & resigning from their posts, & holding demonstrations... As well as the judges holding protests & sit-ins against Morsi & the MB, for the judicial law being discussed in Parliament that stripes the judiciary out of its independence, to be able to substitute the old regime judiciary to a MB judiciary. There's also the law of NGOs being discussed in parliament, that many inside 7 outside Egypt are opposing because it puts many constraints on the freedom & independence of NGOs in Egypt! Many revolutionaries, like Ahmed Duma, are being phrased against with strange lawsuits & jailed. While several old regime personnel, like former housing minister Ahmed Al-Maghraby, are being freed from jail while paying fines. The only thing that seems to gather the MB regime along with the opposition, is the foreign threat of Ethiopia building the dam that will hugely lessen the amount of water that would flow into the Nile, causing a very dangerous shortage of drinkable water in Egypt. We are planning on holding a similar sit-in, as the 18 days for Mubarak, from the 30th of June, which is expected to be a decisive day for the revolution... SAMIHA RAZEQ
[05.06.13]现在非常平静,安德烈教授,因为每个人都在为6月30日做准备,在收集了700多万个反对穆兄会和穆尔西的签名后,所有人都将走上街头要求穆尔西下台……此外,穆兄会正试图罢免所有高级官员,比如歌剧院的导演,以穆兄会取而代之,同时,穆兄会还试图罢免一名光明/萨拉菲党(Nour/Salafi Party)在议会上议院的代表,以废除所有的芭蕾舞蹈。所以所有著名的音乐家、艺术家、作家、小说家等都在抗议和辞职,并举行示威…还有法官们举行抗议和静坐,反对穆尔西和穆兄会,因为议会正在讨论的司法法律剥夺了司法的独立性,以便能够用旧政权的司法取代穆兄会的司法。议会也在讨论非政府组织的法律,埃及内外的许多人都反对,因为它限制了埃及非政府组织的自由和独立!许多革命者,比如艾哈迈德·杜马,都受到了奇怪的诉讼和监禁。而一些旧政权的官员,如前住房部长艾哈迈德·马格拉比,在缴纳罚款的同时从监狱获释。唯一能让穆兄会政权与反对派团结在一起的,似乎是来自埃塞俄比亚修建大坝的外国威胁,这将大大减少流入尼罗河的水量,导致埃及饮用水严重短缺。我们计划从6月30日开始举行类似的静坐,就像穆巴拉克的18天静坐一样,预计这一天将是革命的决定性日子……SAMIHA RAZEQ
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引用次数: 0
Jihadism on the Long-Wave Clock 长波时钟上的圣战主义
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.02.10
B. Berry, D. Dean, Euel W. Elliott
The thesis of this paper is that as Islam was freed from Ottoman control after World War I, as Muslim states achieved their independence after World War II, and as massive Muslim migration to the West occurred, long-wave crises replaced colonial expansion as the trigger for jihad. The surges of new jihadist organizations emerged in two clusters, the first in the crisis years during and after the 1980–1981 long-wave peak and the second during the 2007–2011 long-wave trough. Such long-wave crises now are perceived by jihadists to be the onset of the Tribulation, the period when hardships and disaster afflict the world, signaling the imminent second coming of the Mahdi (Messiah) who will cleanse the world. The surges of jihadism thus now have to be understood to be newlyacquired manifestations of the global long-wave dynamic.
本文的论点是,随着第一次世界大战后伊斯兰教从奥斯曼帝国的控制中解放出来,随着穆斯林国家在第二次世界大战后获得独立,随着穆斯林大规模向西方迁移,长波危机取代了殖民扩张,成为圣战的导火索。新圣战组织的激增分两次出现,第一次是在1980-1981年长波高峰期间和之后的危机年份,第二次是在2007-2011年长波低谷期间。这种长波危机现在被圣战者认为是苦难的开始,这是苦难和灾难折磨世界的时期,预示着即将到来的第二次来临,他将净化世界。因此,圣战主义的激增现在必须被理解为全球长波动态的新表现。
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引用次数: 0
The Silk Route: A New Development Model? 丝绸之路:一种新的发展模式?
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.01.09
Hortensia Cuéllar
This article is about the significant development actually and visibly shown by the Popular Republic of China which, since several decades ago, has shown to the world, through its government and people, that orderly and well-planned work, with concrete goals and through several reforms along with a permanent strife against corruption, always looking towards future, has transformed China into a fully undeniable global power, an object of admiration in some cases, of concern in other cases and, always, an object of wondering... What has this millenary nation done to be regarded, in the 21st century, as the second (maybe the first, already) economy in the world?
这篇文章是关于中华人民共和国实际和明显的重大发展,自几十年前以来,通过其政府和人民向世界展示,有序和精心规划的工作,具体的目标,通过几次改革,以及持久的反腐败斗争,始终面向未来,已经把中国变成了一个完全不可否认的全球大国,有时是钦佩的对象,有时是关注的对象。总是一个令人疑惑的对象……这个拥有千年历史的国家做了什么,才能在21世纪被视为世界第二大(也许已经是第一大)经济体?
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引用次数: 0
IMMANUEL MAURICE WALLERSTEIN (1930-2019) 伊曼纽尔·莫里斯·沃勒斯坦(1930-2019)
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.02.11
Chase-Dunn Christopher, Inoue Hiroko, D. H. Thomas
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引用次数: 0
Anglophone Legal Culture and Globalization: State, Corporation, and Technology 以英语为母语的法律文化与全球化:国家、公司和技术
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.01.05
Joseph P. Garske
This paper sets forth a way to understand, how technology has enabled Anglophone legality to employ, both the structure of the state and the structure of the corporation in its project of globalization. The paper does so by comparing the origins, development, and fundamental differences between the two Western legal forms, Civil and Common. It describes Civil law as a philosophical system, and Common law as a collegial system. This comparative approach is used to explain how Civil law is assimilated to the state, and how its Anglophone counterpart holds a position of equal and independent predominance toward both state and corporation. It shows how pragmatic adaptability is an advantage for the English method in constructing a global legal culture.
本文提出了一种理解技术如何使英语国家的合法性在其全球化项目中运用国家结构和公司结构的方法。本文通过比较西方两种法律形式——民法和普通法的起源、发展和根本区别来实现这一目标。它将民法描述为一种哲学体系,将普通法描述为一种合议制体系。这种比较方法被用来解释民法是如何被国家同化的,以及它的英语对口法是如何在国家和公司中占据平等和独立的优势地位的。这表明,在构建全球法律文化的过程中,语用适应性是英语方法的一大优势。
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引用次数: 2
Ethnicity, Inequality and the Tragedy of African Development: A Comparative Case Study of Nigeria and the South Sudan 种族、不平等与非洲发展的悲剧:尼日利亚与南苏丹的比较案例研究
Q2 Social Sciences Pub Date : 2019-01-01 DOI: 10.30884/jogs/2019.01.08
A. S. Idowu, A. A. Oladiti, A. E. Adenuga
This paper provides theoretical insights on the behaviour of ethnicity in the developmental experience of two African countries, namely, Nigeria and South Sudan, which have been regarded as failed states not due to their heterogenic configurations but due to the adverse effects of ethnicity and inequality. This paper reinforces the argument that political and social instability are the major causes of African underdevelopment. It posits that ethnicity encapsulates these factors using the cases of Nigeria and South Sudan to offer germane examples of the hydra-headed effects of ethnicity. Since independence, the surge of inequality in Africa has been driven not by the revolution in technology but by ethnicity and its concomitants. Africa is also the continent with the highest rate of poverty, illiteracy, and infant mortality. As palliatives, several development and international financial aid programmes have tried to address the issues of poverty and underdevelopment in Africa, Asia and Latin America. While these programs yielded results in some parts of the world, they were almost a failure in Africa. Indeed, ethnicity remains a source of conflict used by nationalist and political entrepreneurs to promote their ambitions at the expense of Africa's development. This paper established the relationship between ethnicity and development and its dimension on inequalities. It argued that ethnicity and inequality are complex social constructs, that have continually retarded Africa's development.
本文对尼日利亚和南苏丹这两个非洲国家的发展经验中的种族行为提供了理论见解,这两个国家被认为是失败的国家,不是因为它们的异质结构,而是因为种族和不平等的不利影响。本文强化了政治和社会不稳定是非洲不发达的主要原因这一论点。它假设种族囊括了这些因素,并以尼日利亚和南苏丹为例,提供了种族多重影响的相关例子。自独立以来,非洲不平等的加剧不是由技术革命造成的,而是由种族及其伴随因素造成的。非洲也是贫困率、文盲率和婴儿死亡率最高的大陆。作为权宜之计,若干发展和国际财政援助方案试图解决非洲、亚洲和拉丁美洲的贫穷和不发达问题。虽然这些项目在世界某些地区取得了成果,但在非洲几乎是失败的。事实上,种族仍然是民族主义者和政治企业家利用冲突的根源,以牺牲非洲的发展为代价来促进他们的野心。本文确立了种族与发展之间的关系及其不平等的维度。它认为种族和不平等是复杂的社会结构,不断阻碍非洲的发展。
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引用次数: 2
期刊
Journal of Globalization Studies
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